GUINNESS
1Q EPS = 8.85
2Q EPS = 14.5
3Q EPS = 15.38
4Q EPS = ?? take previous 4Q as guide = 9.07
Estimated total EPS = 47.8sen
Estimated PE = 14.47sen
Div Yield = 6%
Div Payout Ratio = 41/47 = 87%
CARLSBERG
1Q EPS = 7.00
2Q EPS = 4.283Q EPS = 7.1
4Q EPS = 6.57
Total EPS = 25.02sen
Estimated PE = 19.58sen
Div Yield = 5%
Div Payout Ratio = 92%
Obviously on paper, GAB provide a better deal than CARLBG. GAB give a better earnings as well as DY, probably due to its better market shares captured in Malaysia but certainly we cannot discount CARLSBG's potential in catching up especially we have yet to see the actual synergies contribution from CARLBG (S) as yet. Further development on both would be very interesting on the coming World Cup 2010 as i believed not only GAB will get a lift on this event. CARLSBG would also benefited from it. After all preferences & flavour still lie on individual interest no mater how.
World Cup 2010 to give Guinness Anchor a lift, says OSK Research
KUALA LUMPUR: OSK Investment Research has maintained its buy call on GUINNESS ANCHOR BHD [] (GAB) at RM6.91 with target price RM7.35, and said the company's earnings were within expectations, with the bottom line figures to date accounting for 76.5% and 78.3% of OSK Research's and consensus estimates.
Moving into 4Q10 (April-June), it said sales would remain firm on intensified promotion activities in view of the 2010 World Cup Soccer season.
Since the Malaysian brewery industry rides on seasonal and event factors, the World Cup has been a positive factor for the industry every four years, it said.
The research house expects GAB to see robust numbers in the next quarter, although strong competition from its closest competitor means the risk of downside to earnings will persist.
"We see the stronger earnings on the 2010 World Cup soccer season lifting earnings in 4Q and meeting our earnings forecast.
"As we are making no changes to our earnings estimates or valuation parameters, we maintain our discounted cash flow-derived target price for GAB at RM7.35, with our buy recommendation intact," it said.
7 comments:
Today, sold off all remaining pharma at 4.98-5.15, realize all paper profit. Portfolio increase further stake of classic scenic, bought at 68-68.5sen, raising it to top holding in portfolio.
Today, portfolio also add another new stock : MWE, bought at 94-95sen.
Update portfolio + Margin line
1. Classic scenic 69% (cost 68sen
2. Kfima 62% (cost 97.5sen)
3. Manulife 27.4% (cost 2.65)
4. PJ development 11.2% (cost 73.5)
5. Maxis 8.4% (cost 5.26)
5. MWE 8.1% (cost 94.5sen)
6. CCM Duopharma 5.4% (cost 2.39)
7. OKA 5.2% (cost 60.3sen)
Second portfolio + margin line
1. CCM duopharma 42.5% (cost 2.40)
3. Chuan 16.2% (cost 60.5sen
Today, sold off all Maxis at 5.32, realize few hundred contra gain. Portfolio increase further stake of classic scenic, bought some classic scenic at 70sen
Update portfolio + Margin line
1. Classic scenic 73% (cost: 68sen)
2. Kfima 62% (cost: 97.5sen)
3. Manulife 27.4% (cost 2.65)
4. PJ development 11.2% (cost 73.5)
5. MWE 8.1% (cost 94.5sen)
6. CCM Duopharma 5.4% (cost 2.39)
7. OKA 5.2% (cost 60.3sen)
Second portfolio + margin line
1. CCM duopharma 42.5% (cost 2.40)
3. Chuan 16.2% (cost 60.5sen
3921 MWE MWE HOLDINGS BHD
Final Dividend 4% T.E.
Entitlement Details:
4% Tax Exempt
Entitlement Type: Final Dividend
Entitlement Date and Time: 23/07/2010 04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2009
EX Date: 21/07/2010
To SCANS Date:
Payment Date: 03/08/2010
Wah lau, my classic scenic continue uptrend!! grab more classic scenic at 72-73sen in anticipate its upcoming dividend of 7sen TE to be announce soon..
Congrat hng. :)
horse
Congrat to you too for your right prediction on Bjtoto. Well done!
BSports at 10-month high on Ascot news.Berjaya Sports Toto Bhd, a Malaysian lottery operator, rose to a 10-month high after a newspaper reported that Ascot Sports Sdn Bhd, a sports betting company, will operate in some of Berjaya’s outlets.
Shares of Berjaya added 2.9 per cent to RM4.65 at 9:09 am local time in Kuala Lumpur trading, set for their highest close since July 6. -- Bloomber
Vincent Tan's Ascot Sports gaming licence somes with conditions
Berjaya Corp requests for suspension in trading
KUALA LUMPUR: The sports gaming licence issued to tycoon Tan Sri Vincent Tan's Ascot Sports Sdn Bhd early this year comes with several conditions attached.
Ascot Sports will be allowed to operate in only 200 of the 680 Sport Toto outlets in non-Muslim areas in major towns and online betting would not be allowed. The Sports Toto games are offered by Berjaya Sports Toto Bhd, a listed company controlled by Tan.
It is understood that Ascot Sports, which is wholly-owned by Tan, is likely to be eventually acquired by Berjaya Corp Bhd (BCorp), another listed company in his stable.
BCorp yesterday requested for a suspension in trading today pending an announcement of an acquisition from a related party of the company and a capital raising exercise.
“The move will benefit over 90,000 shareholders, if the decision is endorsed. It will certainly be interesting for the market,'' sources close to Tan said.
Today, increase further stake of classic scenic to up to 100% holding, bought at 72-73sen.
Update portfolio + Ultramargin line
1. Classic scenic 100% (cost 69sen)
2. Kfima 62% (cost: 97.5sen)
3. Manulife 27.4% (cost 2.65)
4. PJ development 11.2% (cost 73.5)
5. MWE 8.1% (cost 94.5sen)
6. OKA 5.2% (cost 60.3sen)
7. CCM Duopharma 3.8% (cost 2.39)
Second portfolio + margin line
1. CCM duopharma 42.5% (cost 2.40)
2. Chuan 16.2% (cost 60.5sen)
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